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dollars is going to every single year has nothing to do with our deficit or should be taught no no no no and in fact i thought you were spot on when you were saying earlier you know about the fact that the if that the effect that the defense spending has on the economy obviously you know we have to look at it obviously there are things that can be cut but the idea that we don't meet the capability to protect ourselves and to protect our friends is absurd and remember too and i know you want to make another point the most expensive thing is peace. who are irreplaceable you take a sergeant who's been in for fifteen twenty years or you take a navy seal or any of these people that we've trained and they're ready to go you can't replace them the way you can replace a tank and they're probably fifty sixty percent of our defense budget i would say that the best thing to do is not put them in a situation where we're going to have to replace them james. i think this is you know i wasn't expecting to agree with neal but i think you know we're good friends yeah you know we need to spend smarter
dollars is going to every single year has nothing to do with our deficit or should be taught no no no no and in fact i thought you were spot on when you were saying earlier you know about the fact that the if that the effect that the defense spending has on the economy obviously you know we have to look at it obviously there are things that can be cut but the idea that we don't meet the capability to protect ourselves and to protect our friends is absurd and remember too and i know you want to...
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well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy economy he inherited from bush well now he's dealing with a lousy economy he inherited from himself and i think whoever succeeds succeeds bush i mean obama the next president is going. actually inherit a worse economy than either did in his first term i think the obama recession is going to be much worse than the obama recovery and you know the obama recovery has been the weakest recovery ever you can imagine how bad the recession is going to be that's certainly a scary thought for a lot of people that are hoping and praying that we do not have another recession like the one that we just got out o
well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy...
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what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budgets so i think they've been very visible in this regard i mean i think that but the other thing to remember and particularly with the payback theory is you know i'm one of the few people who did the analysis on this but when they downgraded the u.s. back in two thousand and eleven the stock market didn't care at all there was no penalty for the united states government in that downgrade so i think that is you know they're not unique but there are two things different about them one is that they're very visible in talking about deficits and the government but number two is that thanks to the eleven subcommittee as senator carl levin in congress there's a great deal of documentation of
what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budgets so i think they've been very visible in this regard i mean i think that but the other...
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's worried about the country's debt and the ratings agencies make. in a short video french communists put together some of our lawns major presidential campaign vows none of which they say came true. look what the child left of you know the value added tax increase. i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to remind the president do you remember you promised to review the european treaty you didn't do that here in germany set a three percent deficit isn't real but now only say it's possible etc etc you can't not do
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he surrendered because he's more worried about the country's debt and the ratings agencies make. in a short video french communists put together some of the lawns major presidential campaign bows none of which they say came true. look what that's. the value added tax increase. i think it's inappropriate and unjustified and unreasonable and too hasty. what happened to well that's to remind the presidents do you remember you promised to review the european treaty you didn't do that here in germany set a three percent deficit isn't real but now only say it's possible etc etc you can't not do what you prom
so-called three percent treaty force in france to reduce its budget deficit down from four point five percent by hiking taxes and cutting spending. but while harsh criticism expected from the opposition disapprovals also been growing from like minded left wingers or complain but i think the president especially of a country like france one of six e.u. founders should be strong enough to say stop to others and say hey i have my nation behind me and they elected me to make changes instead he...
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what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budget so i think they've been very visible in this regard i mean i think that but the other thing to remember and particularly with the payback theory is you know i'm one of the few people who did the analysis on this but when they downgraded the u.s. it back in two thousand and eleven the stock market didn't care at all there was no penalty for the united states government in that downgrade so i think that is you know they're not unique but there are two things different about them one is that they're very visible in talking about deficits and the government but number two is that thanks to the levin subcommittee as senator carl levin in congress there's a great deal of documentation o
what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budget so i think they've been very visible in this regard i mean i think that but the other...
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merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. and now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year and in order and one of the reasons he can say that is his party is absolutely killing angle merkel's coalition when it comes to domestic issues if you speak to the german people one thing they will all tell you what the vast majority will tell you is that they do support angola merkel's view when it comes to dealing with the euro crisis what we're now seeing is peacetime saying i'm going to challenge angela merkel on her own turf and put forward my own theory about how to deal with greece. and france to meet with francois hollande and they'll be taking in the france germany game and we will be seein
merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. and now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this...
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merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year and in order and one of the reasons he can say that is his party is absolutely killing angle of merkel's coalition when it comes to domestic issues if you speak to the german people one thing they will all tell you what the vast majority will tell you is that they do support angola merkel's view when it comes to dealing with the euro crisis what we're now seeing is peacetime saying i'm going to challenge angela merkel on her own turf and put forward my own theory about how to deal with greece after years of preparation the sleepless nights and hard work russia has something to celebrate tomorrow the offi
merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year...
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deficits which you could use some military activities being stepped up in europe as if we had some security threats that. efforts continue to loom of the large nater to move the military infrastructure eastwards as if we had no statements at the highest level about the negative effects of divisions in the continent some of our european all of the partners are now drawing new dividing lines so that trying to divide integration projects between good and bad there but only knight is discussing and smart defense but it does not say who it is going to defend itself from is much more important to launch a new smart foreign policy at the wishes of maximizing the opportunities for collective work instead of wasting our resources if we're leading economies as part of the g. twenty could where it makes solid. efforts to address the financial crisis why cannot we do the same in policy russia join w t o and we appreciate the united states europe and other countries who supported that but we look at the w t o was set up to. tied protectionism in trade and. economies if you would if we try and look at th
deficits which you could use some military activities being stepped up in europe as if we had some security threats that. efforts continue to loom of the large nater to move the military infrastructure eastwards as if we had no statements at the highest level about the negative effects of divisions in the continent some of our european all of the partners are now drawing new dividing lines so that trying to divide integration projects between good and bad there but only knight is discussing and...
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repelled but not wiped out as campaign it raises more questions about human rights violations and from a deficit speak out their belgian parliament a load of amazed as criminal investigation into those allegations that too much to ask for. but i hear now is how this surprises me i mean first of all the million army does hold a grudge against the people who are stemmed from the northern part of the country and secondly the soldiers of very low paid and have very little armaments and such as a they're not really a regular army in that sense there's only. hardly a state apparatus functioning how can you really just have people and examine what they do you can't you just ground in a country like that so the only thing you can do correctly is if you think people might be terrorist is hold them and arrest them and detain them what you should not do is say this is kind of actually judicial executions but eternally surprises me that this is going on right now this country needs support yes this country needs are we why is it that this help only comes in the form of military invasions that's a basic ques
repelled but not wiped out as campaign it raises more questions about human rights violations and from a deficit speak out their belgian parliament a load of amazed as criminal investigation into those allegations that too much to ask for. but i hear now is how this surprises me i mean first of all the million army does hold a grudge against the people who are stemmed from the northern part of the country and secondly the soldiers of very low paid and have very little armaments and such as a...